2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
INDIAN MARKET
INDIAN FACE
INDIAN EQUITY BENCHMARK ended flat, amid a volatile
trading session, even metal stocks rebounded while power
stocks extended losses after the apex court's verdict on coal
block allocations.
Further, Tata Power fell another 2.8 percent on the Supreme
Court’s order that stayed an interim order of the Appellate
Tribunal for Electricity (APTEL) to allow payment of
compensatory tariffs.
Shares of Jindal Steel and Power was down 6% after Supreme
Court declared that coal blocks allocated between 1993 and
2010 as illegal.
GLOBAL FACE
Asian stock markets were held firm while the euro hit one-
year lows as investors increasingly expect the European
Central Bank to expand liquidity as soon as next week to boost
the sagging euro zone economy.
European stocks markets were mostly lower, as mounting
tensions between Russia and Ukraine weighed on market
sentiment, although hopes for further stimulus measures by
the European Central Bank continued to support.
U.S. stocks market were little changed, with investors finding
few reasons to buy after a rally in the previous session that
took the S&P 500 above 2,000 for the first time.
INDICES CLOSE PREVIOUS
SENSEX 26442.81 26437.02
NIFTY 7904.75 7906.30
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 15521.22 15613.25
HANG SENG 25074.50 25166.91
KOSPI 2068.05 2060.89
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 7839.80 -0.03
S&P CNX 500 6328.45 -0.06
CNX MIDCAP 11122.95 0.19
CNX 200 4016.60 -0.01
BANK NIFTY 15624.10 -0.29
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
HINDALCO 171.15 3.82
TATA STEEL 524.95 2.53
LUPIN 1287.10 1.88
BHEL 236.00 1.61
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
JINDAL STEEL 237.75 -6.19
IDFC 142.90 -2.79
ACC 1490.05 -2.72
TATA POWER 87.95 -2.71
3. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
MARKET MOVERS UPSIDE NIFTY SPOT
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
7788 7841 7872 7894 7925 7947 8000
NIFTY
SUPPORT RESISTANCE
S1-7850 R1-7915
S2-7780 R2-7970
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
15251 15436 15548 15621 15733 15805 15990
BANK NIFTY
SUPPORT RESISTANCE
S1-15510 R1-15695
S2-15450 R2-15975
SCRIPT CLOSE
CHANGE
(%)
TCS 2533.80 0.47
ITC 352.45 0.9
SUN PHARMA 864.95 1.34
HDFC 1061.95 0.53
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
ONGC 418.00 [2.51]
RELIANCE 993.35 [0.25]
COAL INDIA 356.60 [0.57]
INFOYS 3624.15 [0.1]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 5200.31 5007.75
DII 1252.79 1207.08
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 24 26
BANK NIFTY 3 9
4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
r
MARKET TALKS
split each equity share of face value Rs5 each into five equity
shares of Re1 each., with trading starting as of today, (August 26,
2014).
Strides Arcolab receives USFDA
approval for Buspirone Tablets
Strides Arcolab announced that it has received approval from the
United States Food & Drug Administration (USFDA) for Buspirone
Hydrochloride Tablets USP, 5 mg, 10 mg, 15 mg and 30 mg. The
product will be manufactured at the Company's oral dosage facility
at Bangalore and the short term relief of the symptoms of anxiety.
ONGC slumps on reports of
disinvestment
ONGC fell nearly 4%, on reports of disinvestment. Government has
decided to disinvest 5% stake in the company via offer for sale
mechanism. The procedure of disinvestment is expected to be
completed by the end of the month of September. The Government
currently holds 69% stake in the company and will possibly collect
approximately Rs18,250 crore through the stake sale.
L&T signs contract for 225 Mw
Bangladesh Power Development Board and Larsen & Toubro (L&T)
have signed a contract to set up a 225 megawatt, gas-based power
plant in sikalbaha, Chittagong in Bangladesh. The contract, which is
valued at about $200 million, was secured by L&T in May, 2014.
Reliance Power opts out of gas-fired
power plant in Dadri
Reliance Power told the Supreme Court that it wasn't interested in
setting up gas-fired power plant in Dadri, Uttar Pradesh, any more
and would return about 956 acres of land acquired for the company
to the state government. It's up to the court to finally accept the
company's offer. Rpower is not ready to set up the plant due to
legal issues attached with it regarding land acquired for the project.
Havells India rises after stock split
Havells India jumped over 12% and after stock split. Havells India
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